Topic: Samsung says that smartphones are the safest way to store cryptocurrencies - page 8. (Read 16989 times)
August 01, 2018, 10:06:35 AM
Ee?! I think it is still depends on the users or the wallet holders because of the rising popularity and good potential of cryptocurrency, companies are making advertisements or upgrades on this Blockchain technology to increase the volume of their sales.
August 01, 2018, 09:59:09 AM
good development, this will make it easier for us to make transactions quickly because it can be used anywhere and anytime. without us having to carry our laptop and wallet safely. bitcoin is the best because it can be used with sophisticated and simple.
August 01, 2018, 09:23:24 AM
It's great to see Samsung set the trend again. Fistly it was mobile industry and now its the crypto world at its behest on the verge of disruption.
August 01, 2018, 08:57:38 AM
Sure some of them like smartphone or pc are more secure. Usually smartphones catch less viruses and malware than Pc. But there is also possibility to steal information with your smartphone.
August 01, 2018, 07:44:13 AM
Yeah then after some months samsung will have made a smartphone targetting all cryptousers of the world.Which i think is a good thing and will surely be beneficial for us.
August 01, 2018, 07:02:36 AM
I disagree with this statement from Samsung, even if it was a safe option then it is still not the safest option. Offline storage is considered safe, but that is not really the case with phones. The purpose of a portable phone is to communicate with others over distances, so you are always connected to some sort of telephone network. New smart phones also include different wireless communication functionalities like WiFi, which stops you from being offline. Malware could potentially access your phone via WiFi or other forms of communication and steal your private keys. The most safe option for storage is really a paper wallet, digital devices with wireless communication functionalities cannot compete with that.
August 01, 2018, 06:41:06 AM
So it is kind of completely different storage within the phone which will distinguish the storage of crypto graphs and hence our coins? Isn't that is the same thing as storing the crypto coins in the off-line wallets over a PC or desktop. Furthermore I do see same thing with the hardware wallet too. Well its sole purpose is to store the crypto's and it is well separated from the online network as long as you do not connect it to the internet. While on the other hand crypto currencies in the phone will be connected to internet all the time and may get accessible with smart hacks. You never know what might go wrong mate.
August 01, 2018, 06:34:35 AM
In fact, it will be a very good product because the cryptocurrency is now popular and it is also popular to steal)
August 01, 2018, 06:03:49 AM
I think it's good news that samsung has started using cryptocurrency and blockchain technology so that making some other platforms will follow as well and make cryptocurrency become very tekenal and its price becomes very expensive.
August 01, 2018, 05:35:30 AM
I'm not too sure about that, security largely depends on the users. If they're going to install potentially harmful apps, then there's not much you can do against them getting malware from that.
I would think that some malware can easily record key input and send screen-grabs back to the creator of said malware.
I don't think smartphones are ideal for storing crypto, even not short term. There are tons of apps that get into the Google Play store, while they have malware.
I would think that some malware can easily record key input and send screen-grabs back to the creator of said malware.
I don't think smartphones are ideal for storing crypto, even not short term. There are tons of apps that get into the Google Play store, while they have malware.
August 01, 2018, 04:51:09 AM
Hello, it seems a really nice idea and it could very more convenient way to store and access ou crypto but my main concern is that if you loose or break your phone, you loose everything... If you need to save them on data center of phone supplier it is not secure, if you store or save the data somewhere lese you have exactly the same danger than wht we have today...
August 01, 2018, 04:49:18 AM
Well for me, the safest way to store cryptocurrencies is your wallet which you are the only one that knows it. Unlike smartphones if accidentally someone borrow your smartphones and explore it, it may cause that your crypto will know by others.
August 01, 2018, 04:46:00 AM
Good to know that a renowned company like Samsung paying attention to blockchain. It is much convenient for crypto folks to use their smart phones to store crypto currency and it is safest too
August 01, 2018, 04:37:02 AM
This is great! Smartphones can now function as hard wallets? Wow! Just wow! It will be more convenient for us because we can now bring our hard wallets anywhere because we always have our smart phones. We can easily access our coins if ever we need to do some withdrawals or deposits because the wallets are already installed in it. Kuddos to Samsung for making this innovation!
Because Samsung is proud that they are part of cryto world and with that, they re helping the bitcoin to boost its popularity. The help of huge company is very helpful to the bitcoin or lets say to the bitcoin community because with this more individuals wpuld love to start using bitcoin amd therefore the market value will rise. As per the smartphone it is not only the safest but at the same time the easiest way to do transactions.
August 01, 2018, 04:18:14 AM
This is great! Smartphones can now function as hard wallets? Wow! Just wow! It will be more convenient for us because we can now bring our hard wallets anywhere because we always have our smart phones. We can easily access our coins if ever we need to do some withdrawals or deposits because the wallets are already installed in it. Kuddos to Samsung for making this innovation!
Yeah this is a great innovation for the wallets since now smartphones will stand as hard wallets thats cool.
But how can we assured the security since smartphones are not that secured compare to IOS(apple)?
Maybe this is the most important question to be answered as the community are tired from scamming and hacking all we need is security because our funds keeps for future,
August 01, 2018, 04:17:55 AM
Yes I agree that smarphones are the easiest ways but not safest to store your coins because at the same time its a very risky what if you lost your phone and you have no backup of your wallets? or someone snatch your phone in the middle of the street?
August 01, 2018, 04:15:35 AM
This innovation of Samsung is highly commendable and useful as well for all the crypto users out there. So in the time of urgent deposit or withdrawals access to coins is now much more easier
August 01, 2018, 04:12:03 AM
Sounds interesting... But the question is remaining... How much security can a smartphone give better than other harware wallets. While i would suggest nano ledgers.. Better than smartphones..
August 01, 2018, 03:22:46 AM
Well this news sounds so great to me! We all use smart phones. If it can be used as wallet then that would be much more simple to keep the coins close to us and it would be portable too.
July 29, 2018, 11:58:06 AM
Wow that's nice even smartphones are adapting cryptocurrency maybe in the near future we can see some smartphones that can be used in mining they will create their own exchange, the smartphones adaptation of cryptocurrency will help the cryptocurrency and will also help the smartphone manufacturers as well maybe in the near future they will create their own COIN because of the cryptocurrency trend and maybe they see its potential and its demand in these days they will get many users by adapting it.
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